harryg
I guess people see what they want to see. The outline of 4 with no features of a government issued countermark coin as in the example but curiously still see an 0 from the original minting. How is that possible? The O is hollowed out and not raised as in the other examples with no details of the government issued 0. This coin was privately or locally altered/ countermarked as far as I am concerned. Still waiting for someone remotely interested in this coin for it's countermarked attributes government, private, or locally altered.
It's because the numbers are incused on the punch, so there is much less impact on the coin over the “40” than anywhere in the field which is the raised part on the punch. I may not know much about countermarking, but I do know the basics.
In the Krause catalogue, one sees two different styles of the “10” countermark, with no hint that any one of them was private. In fact, the little screen capture above is from Krause.
Greg Brunk in his 2003 (Merchant and Private Countermarks) book discusses only private countermarks, and those of Brazil are mostly attributed to ranchers. The numerals “10”, “20” “40” and “80” are not discussed because they are official/ governmental. One of the coins he shows has a “40” along with an “[I.C.]” rancher's private countermark, but he discusses only who “I. C.” is and doesn't even mention the “40”.
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